European stocks were headed for their best weekly performance in seven months on Friday, as a bright start to the earnings season helped ease investor concerns about higher inflation. The pan-European STOXX 600 index rose 0.3 percent, on course to end the week with a more than 2 percent gain after a sharp rebound in…
European Stocks Head for Best Week in Seven Months
Dollar Looks Set to End Week Down, Yen Nears a 3-Year Low
LONDON—The dollar headed for its first weekly decline versus major peers since the start of last month on Friday as global risk appetite rebounded, while the Japanese yen headed for a three-year low and the price of bitcoin hit nearly $60,000. The dollar index slipped 0.1 percent to 93.9 and was down 0.2 percent for…
Investors Park Inflation Fears to Renew Bets on Stocks
LONDON—Shares rose on Friday, buoyed by stellar corporate earnings results, but strong oil prices and stalling car sales in Europe were a reminder of headwinds for the world economy. The STOXX index of 600 European shares was up 0.2 percent at three-week highs. Britain’s FTSE 100 also gained 0.2 percent, the UK blue-chip index having…
Fed, Nearing Bond-Buying ‘Taper,’ Remains Divided on Inflation
Despite a broadly shared view that the U.S. labor market has healed enough to allow the Federal Reserve to start reducing its monthly bond purchases as soon as next month, policymakers remain divided over inflation and what they should do about it. The U.S. government reported on Thursday that producer prices rose 8.6 percent in…
Wall Street Rallies 1 Percent on Upbeat Earnings, Tech Strength
Wall Street’s main indexes rallied on Thursday as a surge in technology stocks and strong quarterly results helped investors to look away from inflation concerns. The biggest boost came from growth names including Facebook Inc., Microsoft Corp., Amazon.com Inc., Tesla Inc., Apple Inc., and Google-parent Alphabet, which rose more than 1 percent. Bank of America…
Earnings Optimism Drives European Stocks to Two-Week Highs
European stocks hit a more than two-week high on Thursday as investors hoped that a steady economic recovery from the pandemic-induced slump will support corporate earnings despite signs of elevated inflation. The pan-European STOXX 600 index rose 0.8 percent, with miners up 2.1 percent and technology stocks gaining for a second day. European semiconductor companies,…
Inflation Angst Lifts Stocks but Reins Back Dollar
LONDON—World markets stayed focused on rising inflation on Thursday as tech stocks rebooted global equities, oil and gas prices fired up again but the dollar and benchmark government bond yields both stalled. Record high Chinese factory gate inflation data overnight following stronger-than-expected U.S. CPI figures on Wednesday meant the price pressure theme was very much…
S&P 500, Nasdaq Rise With Growth Stocks; JPMorgan a Drag
NEW YORK—The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in shares of big growth names like Amazon.com and Microsoft, but JPMorgan shares fell along with other bank shares and weighed on the market. The S&P 500 briefly added to gains following the release of minutes from the September Federal Reserve policy…
Futures Rise Ahead of JPMorgan Results, Inflation Data
U.S. stock index futures edged higher on Wednesday ahead of quarterly results from JPMorgan which will kick off the corporate earnings season, with investors awaiting inflation data for clues on the future path of monetary policy. Mega-caps growth names including Facebook Inc., Amazon.com Inc., Google-parent Alphabet Microsoft Corp., and Tesla rose more than 0.5 percent…
Tech Stocks Lift Nasdaq, Banks Weigh on S&P 500, Dow
The Nasdaq rose on Wednesday as technology stocks returned as market favorites amid concerns about rising inflation, while banking stocks slipped despite strong quarterly results from JPMorgan. Technology and communication services were among the few gainers among the 11 major S&P sectors. Mega-caps growth names including Facebook Inc., Amazon.com Inc., Google-parent Alphabet Microsoft Corp., and…
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